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and a capital gains tax hike. superstar investor ken hebner tells us how to get through this period. >>> also, american drone and international airspace days before the election and kept secret until now. is that a coincidence? >>> and on election day, voters in two states allowed recreational use of marijuana. is this the gateway to liberals legalizing rampant drug use in this country? janine turner is going to join us. >>> within the hour, word that president obama will make a statement on the fiscal cliff and the economy at 1:00 p.m. tomorrow. the congressional budget office issued a new scenario of what happens if the president and congress fail to act. eamon javers joins us now with the details. good evening, eamon. >> reporter: good evening, larry. as you say, we're getting news tonight we're going to get dueling appearances tomorrow between speaker john boehner and president barack obama. the speaker will address a crowd of reporters at 11:00 in the morning. he will take questions from the press. we're told obama will speak at 1:00 in the east room of the white house and will not take
carried in 2008. >> walk us through some of the shadings here of an election desk making a call. because pennsylvania is so important, why say that it's too early and yet also say that the president has the lead? >> because you get raw vote coming in that gives you an indication of how the state is going. you have exit polls which give you an indication of how the state is going. the people in our decision desk who are very expert at this, very experienced at this, they require a very high level of confidence by matching the exit polls to what they see in key precincts and the actual vote before they're willing to say we won't get a surprise say a huge vote in the western part, more conservative part of pennsylvania for mitt romney overcoming the lead that president obama would develop in philadelphia and counties around philadelphia. they're going to be absolutely certain at an almost 100% confidence level before they'll call any of those states even if a candidate stakes out an early lead. >> thanks very much. we'll come back to you soon. joining us from romney headquarters in boston i
cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders to make his case for the possibility of higher taxes ahead. our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position t
to 60 minutes on cnbc. i'm leslie stahl. by most accounts, the financial crash of 2008 pushed the u.s. economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the recovery plan that has followed, the chairman of the board of governors of the federal reserve system, ben bernanke. plus, morley safer asks, "can america afford the lincoln penny?" well, we begin with bernanke. after the crash of '08, bernanke invoked emergency powers, and with unprecedented aggressiveness, he's thrown more than $1 trillion at the crisis. the words of any fed chairman cause fortunes to rise and fall, and so by tradition, chairmen of the fed do not do interviews. that is, until march of 2009 when ben bernanke sat down with scott pelley. >> mr. chairman, i'm gonna start with a question that everyone wants me to ask. when does this end? >> it de
once, a line i use endlessly thanks to a former partner at goldman sachs, i would be putting on my capital preservation halt. which, unlike my brokerage cap, resembles more of a hard hat. no soft chapeau here. my recommended course of action? here's what i would say. first we need to take some profits in the biggest winners. stocks like, for example, retailers because they benefitted from the payroll tax cuts and other benefits from the government. those are going to go away, conceivab conceivably, in the new tax regiment. there will be less purchasing power. second, i would say stocks like walmart that had a huge run go up another 10%. it may still pay to sell it now than when you get over on the other side of the fiscal cliff where it might appreciate 10%. needless to say, a stock like apple is very right for this particular kind of sell call. it makes so much sense to sell it now, take the capital gain as many have huge profits here. these people who are selling are what i call natural sellers. they don't care about next year. they don't care that it could be better. they don't
today. every minute that goes by without a deal is a minute that could drive us closer to the brink and it colors my whole show now. i'm more sane about bridging the cliff than i was yesterday. but as the son of a veteran, if we don't get a deal soon, i can have a recession gift wrapped by christmas. next week is a very important week for earnings and data. kind of surprising. money is all about home building. the home builders have been the lynch pin of the now forgotten rally. those have been the stocks in the most bull mode. they have been the leaders. we will hear from two major ones. beezer is primarily in the south. not a great company. i wouldn't tell you to buy it. horton is nationwide. both hold the key to the re-ignition of the very important group. and i want to hear how badly the storms have affected the mid-atlantic day. retail stocks have become horrendous performers of late. perhaps the area i'm most worried about is because of the storm. and the newfound gloom because of the fiscal cliff. it has hurt small business creation. a bad pot -- if we had a bad known it woul
, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> seconds away, breaking news. are the president and house speaker john boehner working on a fiscal cliff deal? there is some new movement. stocks themselves are spanking politicians to make a deal and avoid recession, the dow down over 4 hundr00 points since the election. and why are liberals trying to legalize pot? is this really what this country needs? the kudlow report is moments away. >> it's not all done in foul weather. after the
Search Results 0 to 6 of about 7